The sale of the weekend has to be #w504 at 2200 Westlake. I had been watching this unit for a few months and it finally sold. It had originally been on the auction block in December - the minimum bid price set by the bank was $205,734. 2 months later, the bank set the minimum at $221,995. I'm sure they had done their homework with the market and it appears they had little issue … [Read more...]

With 22 sales posted so far this year, Bellevue Towers is now 88% sold.
You can view current availability here. Bellevue Towers also provides a virtual tour of their remaning floor plans as well - see here.
See Other Bellevue Condos For Sale … [Read more...]

If your an investor looking for a little upside in your investment, one way you can play the Seattle market is by purchasing a condo during a time where the project is in litigation. I know some of you are shaking your heads, but hear me out.
If you do your homework with public information you can find material on the lawsuit and if your comfortable with risk you can make a … [Read more...]

Remember this post from last Friday? We wrote about unit #3905 at One Lincoln Tower.
The 1,516sf condo was owned by Mastro associate Thomas Hazelrigg. On Friday morning the luxury unit was headed to the King County Foreclosure auction. It had a minimum bid of $828,927. Well, it sold.
The new owner has to be thrilled. From what I've heard they are going to use the condo as … [Read more...]

Thomas Hazelrigg who was a long time friend and business associate of Mike Mastro has a condo going to foreclosure today. Mastro was the local real estate mogul gone broke that was recently in the news for being apprehended in France by the US authorities. Hazelrigg who made a career of "hard money" lending borrowed millions from Mastro and is now subject to bankruptcy … [Read more...]

CONDO LOVING
In celebration of Valentines Day, lets vote for that special project that we LOVE.
I think its safe to say that we are all enamored with condo living - what better way to show our appreciation than voting for our favorite project. Submit your vote below and report back to see the results.
Feeling left out? Don't be, we added a section to nominate a project on … [Read more...]

Just spoke to one of our contacts at Bellevue Towers. They have just 74 units left to sell. With 16 units sold already this year, I would guess they will be sold out by October/November. The concrete and steel structure has a total of 539 units between the 2 towers. Year to date, downtown Bellevue has had 34 sales ranging from $164,950 to $2,275,000.
SEARCH BELLEVUE … [Read more...]

As I was sifting through inventory this morning, I noticed that there were 3 condo sales in the past 3 days and all of them sold at full price. This is typical of the market right now - as long as the price is at market when it goes live.
121 Vine St #303 | Sale Price $320,000
Arbor Place Tower
2 bedroom | 1.75 bath
2033 2nd Ave #1506 | Sale Price … [Read more...]

Are you a frustrated condo buyer or seller?
Well, it could have to do with the amount of quality Seattle condo projects currently involved in lawsuits or arbitration. The core of the issue is the Washington Condominium Act. It is very difficult to summarize, but in a nutshell there are provisions of the act that require certain warranties that a developer must comply with … [Read more...]

TRIBECA CONDOS
Tribeca is located at 17 W Mecer in Lower Queen Anne. Completed in 2003, it features 51 units on 3 floors
BUILDING
Tribeca was designed as an urban mix-use development. Safeway, the anchor tenant can been seen at the corner of Mercer and 1st. The residential lobby for Tribeca is found mid-block and is highlighted by the 3 story concrete facade and steel sign. … [Read more...]